HAMILTON, Bermuda, Nov. 11 /PRNewswire-FirstCall/ -- Syncora Holdings Ltd.
(NYSE: SCA) ('Syncora' or the 'Company') today announced that the Company has
filed a Notification of Late Filing on Form 12b-25 with the Securities and
Exchange Commission with respect to its Quarterly Report on Form 10-Q for the
quarter ended September 30, 2008. The financial statements necessary to file
the Quarterly Report on Form 10-Q in a timely fashion are not completed and
the Company cannot do so without unreasonable burden and expense. Syncora
expects to file its Quarterly Report on Form 10-Q for the quarter ended
September 30, 2008 on or before November 17, 2008 and will issue its earnings
release concurrently with the filing.
The Company will not be hosting its customary quarterly investor call for
the third quarter of 2008. The Company will furnish its earnings release as
well as an unaudited financial supplement providing further details on the
Company's third quarter 2008 results on Syncora's website located at
http://www.syncora.com. The Company's Quarterly Report on Form 10-Q, when
filed, will be available on the Investor Relations section of its website.
About Syncora Holdings Ltd.
Syncora Holdings Ltd. is a Bermuda-domiciled holding company whose common
shares are listed on the New York Stock Exchange (NYSE: SCA). Syncora Holdings
Ltd. was formerly known as Security Capital Assurance Ltd. For more
information please visit www.syncora.com.
Media and Investor Relations Contact:
Michael Gormley
+1 441-279-7450
michael.gormley@scafg.com
FORWARD-LOOKING STATEMENTS
This release contains statements about future results, plans and events
that may constitute 'forward-looking' statements within the meaning of the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. You are cautioned that these statements are not guarantees of future
results, plans or events and such statements involve risks and uncertainties
that may cause actual results to differ materially from those set forth in
these statements. Forward-looking statements are subject to a number of risks
and uncertainties, many of which are beyond the Company's control.
